Disseminated on behalf of Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) and may include paid advertising.
- Canamera Energy Metals recently announced that it entered into an agreement to acquire a majority interest in a large uranium project in Wyoming
- The project is comprised of over 100 unpatented mining claims, which cover over 2,000 acres in the Great Divide Basin, an area known for producing uranium
- The company also recently staked claim for land in Colorado, near the Iron Hill deposit, which is home to one of the largest titanium and rare earth oxide deposits in the country
Canamera Energy Metals (CSE: EMET) (OTCQB: EMETF), a rare earth and critical metals exploration company, recently announced (see the company’s news release dated December 8, 2025) that it had entered into an option agreement to acquire up to a 90% total interest in the Great Divide Basin uranium project in Wyoming.
The project comprises 104 unpatented mining claims that cover around 2,080 acres in the Great Divide Basin region in Wyoming, which is an area known for producing uranium. This acquisition is the company’s entry into the uranium exploration market in the USA.
Speaking about the acquisition, Canamera Energy Metals CEO, Brad Brodeur said, “The Great Divide Basin represents an attractive opportunity to expand our critical minerals focus into uranium” and added that “With historical drilling, roll-front mineralization and proximity to advanced-stage projects in the district, GDB provides a strong foundation for systematic exploration.”
Under the option agreement, which is with Clean Nuclear Energy Corp., a subsidiary of Nexus Uranium Corp., Canamera may acquire up to 90% interest in the project according to a three-stage earn-in process.
The first stage, under which the company can earn a 51% stake includes:
- Issuing 500,000 common shares of Canamera to Nexus within five days of closing.
- Cash payment of $30,000 within five days of closing.
- Cash payment of $100,000 within 18 months.
- Exploration expenditures of $250,000 within 18 months.
- Additional exploration expenditures of $500,000 within two years.
Next, the second option, under which the company can earn an additional 20% more interest (for 71% total), includes:
- Issuing $250,000 worth of Canamera shares to Nexus.
- Making a cash payment of $75,000.
- Having additional exploration expenditures of $1,000,000 within three years.
Finally, for the company to earn the final 19% interest, bringing the total interest to 90%, Canamera needs to:
- Issue $250,000 worth of Canamera shares to Nexus.
- Make a cash payment of $75,000.
- Have additional exploration expenditures of $1,000,000 within four years.
In addition to this announcement and agreement, the company also recently staked a total of 85 unpatented lode mining claims covering 1,756 acres in Colorado. These claims are adjacent to the Iron Hill deposit, which hosts one of the largest titanium and rare earth oxide deposits in the USA.
Qualified Person
The scientific and technical information in this document has been reviewed and approved by Warren Robb, P.Geo. (British Columbia), Vice-President, Exploration of the Company and a “Qualified Person” as defined by National Instrument 43-101. [NTD: Warren to confirm review.]
About Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF)
Canamera Energy Metals Corp. is a mining exploration company focused on creating a diversified portfolio of opportunities from across the Americas. The company’s portfolio includes projects in the USA, Canada, and Brazil, and it targets areas with supportive regulatory frameworks, strong geological signatures, and underexplored terrains with meaningful indicators.
For more information, visit the company’s website at CanameraMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to EMETF are available in the company’s newsroom at ibn.fm/EMETF
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This document contains “forward-looking information” within the meaning of applicable securities legislation, including statements regarding: the Company’s planned exploration activities on its projects; the anticipated timing and completion of the earn-in milestones under the Option Agreement; the Company’s ability to make required cash and share payments and incur required exploration expenditures; the geological prospectivity of its projects; and the Company’s exploration strategy.
Forward-looking information is based on assumptions, estimates, and opinions of management at the date the statements are made and is subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated or projected. These assumptions include, without limitation: the Company’s ability to raise sufficient capital to fund its exploration programs and option payments; favourable regulatory conditions; continued access to its projects; and general economic conditions.
Important risk factors that could cause actual results to differ materially include, but are not limited to: uncertainties related to raising sufficient financing; the inherently speculative nature of mineral exploration; title risks; environmental and permitting risks; and fluctuations in uranium prices. Additional risk factors affecting the Company can be found in the Company’s continuous disclosure documents available at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking information.
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